Economics Commons^™

Adam Smith On The Future Of Experimental Evolution And Economics, Maria Pia Paganelli

Economics Faculty Research

Experimental evolution is difficult to apply to humans because of the need to study possible changes over many generations. A similar method, though, may see history as a substitute for experiments. The 18th century economist Adam Smith uses methods compatible with the logic of experimental evolution, through the assumption of human homogeneity and the study of history, to explain endogenous variations of preferences and institutions.

Essays On Transfer-Program Interactions Among Low-Income Households, Nicholas S. Moellman

Theses and Dissertations--Economics

This dissertation consists of three essays examining the role of transfer-program interactions for families and households who participate in the social safety net. The safety net is comprised of many different programs, run by different agencies, governed by different rules, and often administered by disparate and secluded entities. However, many households participate in multiple programs, subjecting them to the milieu of administrative hurdles. In this dissertation, I try to untangle some of the intended and unintended effects of program participation that may be experienced by these households.

In Essay 1, I examine the effect of the Patient Protection and Affordable …

Essays On The Role Of Government Regulation And Policy In Health Care Markets, Grayson L. Forlines

Theses and Dissertations--Economics

Understanding how health care markets function is important not only because competition has a direct influence on the price and utilization of health care services, but also because the proper functioning, or lack thereof, of health care markets has a very real impact on patients who depend on health care markets and providers for their personal well-being. In this dissertation, I examine the role of government policies and regulation in health care markets, with a focus on the response of health care providers. In Chapter 1, I analyze the impact of Medicare payment rules on hospital ownership of physician practices. …

Three Essays On College Earnings Premium And China’S Higher Education Expansion, Chenxu Hu

Theses and Dissertations--Economics

My dissertation consists of three essays that study the college premium in China and how it has been affected by China’s higher education expansion.

In the first essay, I utilize the high education expansion as exogenous source to estimate the college premium. The rapidly changing access to college provides a rare opportunity to estimate a local treatment effect (LATE) of college education on earnings by utilizing the drastic increase in college admission rate in 1999. I also utilize the yearly admission rate as an instrumental variable for the endogenous college education. Using China Household Income Project 2013, the two IV …

Three Essays On Credit Markets And The Macroeconomy, Timothy P. Bianco

Theses and Dissertations--Economics

Historically, credit market conditions have been shown to impact economic activity, at times severely. For instance, in the late 2000s, the United States experienced a financial crisis that seized domestic and foreign credit markets. The ensuing lack of access to credit brought about a steep decline in output and a sluggish recovery. Accordingly, policymakers commonly take steps to mitigate the effects of adverse credit market conditions and, at times, conduct unconventional monetary policy once traditional policy tools become ineffective. This dissertation is a collection of essays regarding monetary policy, the flow of credit, financial crises, and the macroeconomy. Specifically, I …

Three Essays On Exchange Rate And Capital Controls, Yaorong Lou

Theses and Dissertations--Economics

This dissertation consists of essays that study exchange rate pass-through, China’s de facto exchange rate regime, and China’s capital controls.

The first essay studies exchange rate pass-through (ERPT) by using a set of data from ten countries including four advanced economies and six Asian emerging markets. The price indices used in this essay include consumer price, producer price, import price and export price indices. While most literature only include the import price index, this essay also puts emphasis on the export price index. It investigates the asymmetry in the ERPT between depreciation and appreciation of domestic currency by using a …

Modeling The Standard And Poor's 500 Index Via Wave Analytics: Harnessing Lag For Intraday Utilizations, John Cardenas

Electronic Theses and Dissertations

Modeling and simulation of financial instruments is accomplished from multiple approaches but most completely from an engineering perspective. Aeronautical engineering yields a wave model created for stock indices in the 1970s. This comprehensive methodology models stock markets as waves for the intention of trading or investing yet has not been applied on time periods smaller than daily or weekly, known as intraday. Stakeholders trading intraday waves need to utilize wave analysis for price capture, analytics, and profitability. It is the purpose of this thesis to present a model to harness wave analytics for the needs of traders seeking price capture …

The Dynamic Interrelationship Between Interest Rate And Macroeconomic Policy Objectives: Case Of The United Kingdom, Mostafa Aboelsoud, Dimitrios Paparas, Azzouz Zouaoui, Mustafa Kasim

Economics

The objective of this study is to provide empirical evidence on the short- and long-run relationships between the short-term interest rate, London interbank offered rate (LIBOR) and macroeconomic policy objectives, such as price stability, economic growth, and stability of the exchange rate market. For this purpose, we deploy quarterly frequency data from the United Kingdom between 2000 and 2015 and adopt a multiple regression model.

Furthermore, this study uses the Johansen, Stock-Watson cointegration test and the Granger Causality test in order to examine the dynamic short- and long-run relationships among LIBOR, the consumer price index as a proxy of price …

Assorted Loose Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Notes on dependency theory, trade, and sub-saharan Africa macroeconomics by Shaikh, A. (Unpublished work) (23-14_Asso... p. 2)
• Comments on history of economic thought, Marx, and Sraffa by Shaikh, A. (Unpublished work) (23-14_Asso... p. 3)
• Student questions on endogenous money and credit systems by Shaikh, A. (Unpublished work) (23-14_Asso... p. 4)
• Notes on macro foundations and mathematical formulations of production by Shaikh, A. (Unpublished work) (23-14_Asso... p. 5)
• Notes on economic sociology, history of capitalism, and game theory by Shaikh, A. (Unpublished work) (23-14_Asso... p. 6)
• Lecture outlines on early growth models and real business cycle theory by …

The Rate Of Return On Everything, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Folder Cover Label
  Shaikh, A. (2018). NA-24-09. Department of Economics, New School for Social Research.This item is a folder cover label that marks research materials on historical asset returns and macroeconomic data.
• Published Report
  Taylor, A. M. (2018, December). The rate of return on everything. NBER Reporter. National Bureau of Economic Research. This item is a published economic report reviewing long-run rates of return across major asset classes. It compares residential real estate and corporate equities over a historical period.

Eco 167 Introduction To Microeconomics, Juan J. Delacruz

Open Educational Resources

The purpose of this course is to help the student acquire a greater degree of economic literacy to better understand the functioning of our social system. Economics is a technical discipline with its own specialized vocabulary and methodology and is also a subject where informed positions widely diverge. The student is expected to understand as well as to analyze complex social and economic settings. This course starts from how supply and demand cause prices changes leading different market equilibrium. We will examine how market economies are efficient, and the way governments can make our economy less or more efficient. We …

Convergence Towards An Optimal Currency Area In The European Union, Santiago Botto Tornielli

Harvey M. Applebaum ’59 Award

This essay uses the European Union as a case study to analyze the conditions for an optimal currency area, the regional differences that give rise to divergences from optimal conditions, and how to measure divergence. The essay reviews the extensive body of theoretical literature on optimal currency areas (OCA), analyzes the historical evidence and documents that outline the economic institutions of the EU, and performs an empirical factor analysis on different possible indicators of convergence to identify to the most important variables. In the absence of adjustment mechanisms, economic geography plays an essential role in forming an OCA because members …

Relationship Between Industrial Structure Change And Economic Growth In Comparative Perspective Of China And Japan, Hongtian Ma

A with Honors Projects

Since China's reform and opening up, through the transformation and upgrading of economic structure, the gross domestic product (GDP) of China's economy developed rapidly in 2010, which became the second largest economy after the United States. After World War II, Japan's economy also developed rapidly through a series of economic restructuring. The basic situation of China and Japan is very different. China has a large population and rich land resources. Compared with China, Japan has a small population and a shortage of land resources. The GDP of the two countries is the second and third in the world respectively. This …

Value Chains: Production Upstreamness And Downstreamness Revisited, Patricio Aroca, Randall Jackson

Regional Research Institute Working Papers

Measures devised to quantify value chain position have been used increasingly in recent years. While the constructs underlying these measures are meaningful, this paper identifies an overlooked implementation problem. Proposed algorithms have been applied as though the underlying data represent flows. Implementation data are drawn from modern input-output accounting frameworks that recognize secondary production explicitly. Unadjusted Use matrices are not conventional flows matrices because they do not identify the industries from which commodities originate. We demonstrate logical inconsistencies that arise, provide correct flow matrix formulations for upstreamness and downstreamness measures, and present empirical comparisons of correct and incorrect formulations.

Financing Graduate And Professional Education: How Students Pay, Sandy Baum, Patricia Steele

Commissioned Research

This brief examines how students finance their graduate and professional education. It summarizes the sources of funds used to cover the tuition and fees universities charge, as well as living expenses. Institutions set a “cost of attendance” (COA) for students, estimating the average budget for one academic year (fall through spring). COA includes tuition and fees, books and supplies, room and board, transportation, and other living expenses, and it establishes the maximum amount students can borrow in federal student loans to attend a particular school. These official budgets serve as the foundation for the discussion that follows about how graduate …

Graduate And Professional School Debt: How Much Students Borrow, Sandy Baum, Patricia Steele

Commissioned Research

There is wide variation in how students cover tuition and living expenses while they pursue graduate and professional degrees. Most research doctoral degree students attending public and private nonprofit schools benefit from generous institutional fellowships and assistant ships that cover a significant portion of their expenses. But master’s degree students in all sectors cover most of their expenses with earnings from employment and federal student loans. Borrowing is particularly important for professional degree students, most of whom have neither earnings from employment during the academic year nor grants and fellowships to cover tuition and living expenses while they are enrolled. …

Pengaruh Liberalisasi Keuangan Terhadap Volatilitas Makroekonomi Di Kawasan Asia-Pasifik, Feriansyah Feriansyah, Noer Azham Achsani, Tony Irawan

Jurnal Ekonomi dan Pembangunan Indonesia

This paper examines the effect of financial liberalization on growth volatility of macroeconomics variable using dynamic panel model for nineteen Asia-Pacific countries for period of 1976–2015. Our results showed that the benefit of financial liberalization in Asia-Pacific region caused by the low volatility of the macroeconomic growth only occur in the group of developed countries, and not occur in the group of developing countries. This proved that the existence of financial liberalization provides no full beneficial effects in Asia-Pacific region.

Valuasi Ekonomi Objek Wisata Pantai Parangtritis, Bantul Yogyakarta, Rifki Khoirudin, Uswatun Khasanah

Jurnal Ekonomi dan Pembangunan Indonesia

The valuation of Pantai Parangtritis becomes very important along with the micro issue concerning the plan of infrastructure development, facilities and infrastructure in south region. Development of infrastructure in process is Jalur Lintas Selatan Street which includes the area around Parangtritis Beach. The analytical tool used to know variable that influence number of traveler to Parangtritis tourist attraction and the economic value of Parangtritis Beach is Travel Cost Method. Based on the research findings that the variable of total cost, income level, age, and education level influence the number of visits to Parangtritis Beach. While the economic valuation of Parangtritis …

Dampak Redenominasi Terhadap Kinerja Perekonomian: Pendekatan Ekonomi Eksperimental, Nur Siti Annazah, Bambang Juanda, Sri Mulatsih

Jurnal Ekonomi dan Pembangunan Indonesia

There is persistent debate between theoretical and empirical findings on the impact of redenomination on economic performance. Hence, this study aims to analyze the impacts of inflation, economic growth, reducing reducing digit (zero number), and stages of redenomination to changes in transaction prices and the number of the transactions using experimental methods. The result showed redenomination could decrease the transaction prices and transaction value. The best conditions to applied redenomination policy was directly in low inflation and high growth.

[Chapter 1 From] Re-Examining The History Of The Russian Economy: A New Analytic Tool From Field Theory, Jeffrey K. Hass

Bookshelf

This book explores the application of field theory (patterns of interaction) to Russian economic history, and how social and political fields mediate the influences of institutions, structures, discourses and ideologies in the creation and dissemination of economic thinking, theory and practice. Using focused cases on Russia's economy from the mid-nineteenth century to the present, Hass and co-authors expand the empirical basis of field studies to provide new material on Russian economic history. The cases are divided into two complementary halves: i) The role of fields of institutions, discourses, and structures in the development of Russian economic thought, especially economic theories …

Implications Of Food Subsistence For Monetary Policy And Inflation, R. Portillo, L.-F. Zanna, Stephen A. O'Connell, R. Peck

Economics Faculty Works

No abstract provided.

Poverty: A Very Short Introduction, Philip N. Jefferson

Economics Faculty Works

No one wants to live in poverty. Few people would want others to do so. Yet, we find ourselves in a situation where millions of people worldwide live in poverty. According to the World Bank in 2010, 1.2 billion people lived below the extreme poverty line with an income of US $1.25 or less a day and 2.4 billion lived on less than US $2 a day. Why is that? What has been done about it in the past? And what is being done about it now? In this Very Short Introduction Philip N. Jefferson explores how the answers to …

Putting Social Rewards And Identity Salience To The Test: Evidence From A Field Experiment On Teachers In Philadelphia, Syon Bhanot, G. Kraft-Todd, D. Rand, E. Yoeli

Economics Faculty Works

We partnered with the School District of Philadelphia (SDP) to run a randomized experiment testing interventions to increase teacher participation in an annual feedback survey, an uncompensated task that requires a teacher’s time but helps the educational system overall. Our experiment varied the nature of the incentive scheme used, and the associated messaging. In the experiment, all 8,062 active teachers in the SDP were randomly assigned to receive one of four emails using a 2x2 experimental design; specifically, teachers received a lottery-based financial incentive to complete the survey that was either "personal" (a chance to win one of fifteen $100 …

Foreword: Why Measurement Of Costs And Benefits Matters For The Sdg Campaign, S. Dercon, Stephen A. O'Connell

Economics Faculty Works

No abstract provided.

Patterns In Road Maintenance: An Analysis Of San Diego Roads, Kendall Caitlin Alexandra Mahavier

Honors Papers

This paper examines what impacts road improvement patterns in San Diego, with a particular focus on how the income or racial demographics of an area may effect the area's roads. There are also, however, several other types of variables that are examined to understand how road maintenance is distributed across the city. The analysis covers a four year period from 2011 to 2015 and uses an Overall Condition Index number to assess the roads. Three linear models are run, and some of the key findings include: areas with a higher income generally have better roads; racial demographics don't impact road …

Distance In Diocese : Annual Appeal Giving In The Catholic Church, Elaine Wissuchek

Honors Theses

The distance between a donor and a charity is hypothesized to affect charitable giving for self-regarding and altruistic reasons. Distance increases transaction costs, reducing the potential extrinsic benefits received by donors; it decreases social pressure for giving, and limits the ability of donors to monitor the charity’s management. Donors also have intrinsic preferences for proximity. This study does not find the hypothesized negative correlation between distance (measured as driving time) and donations to annual appeals for Catholic dioceses.

The Effects Of Perceived Quality On Tuition And Net Tuition, Isabella Xianxin Thomas

Honors Theses

This paper examines the effects of perceived quality on tuition and net tuition utilizing both direct and indirect measures to account for quality and the U.S News and World Ranking to measure perceived quality. Tuition is the sticker price, whereas net tuition is the sticker price less discounts. Judgments of quality will be more apparent in tuition, therefore perceived quality and tuition should have a larger relationship than net tuition and perceived quality. When regressed with quality variables held constant on tuition and net tuition, effect of reputation on prices is captured. The coefficient for perceived quality on tuition had …

Acute Illness And Job Lock, Lauren Passero

Honors Theses

This paper assesses if the experience of an acute illness generates decreased job mobility among workers with employer-sponsored health insurance. An acute illness may increase the perceived value of health insurance and “lock” workers into jobs that provide health insurance as compensation. Using difference-in-difference tests, I evaluate the presence of job lock among workers impacted by acute health problems in Panel 19 of the Medical Expenditure Panel Survey. The results provide inconclusive evidence of job lock related to the experience of an acute illness. Further research on acute illness-related job lock can explore the potential long-term impact of job lock …

Book Talks, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A. (n.d.). Book talks [Yellow folder cover; reference code NA-04-10]. Unpublished material.

• Shaikh, A. (n.d.). Frankfurt [Handwritten notes]. Unpublished manuscript notes.

• Shaikh, A. (n.d.). Q. UNAM 2 Friday [Handwritten notes]. Unpublished manuscript notes.

• Shaikh, A. (n.d.). Bruce Caldwell on Hayek, Sraffa, and equilibrium [Handwritten notes]. Unpublished manuscript notes.

• Shaikh, A. (2016, October 11). Ed & Boucher and Eduardo [Handwritten notes]. Unpublished manuscript notes.

• Shaikh, A. (2016, September 30–October 1). Panel in Brussels on migration and trade (speakers: Kim Weidenberg, David Bacon, and Heike Hänsel) [Handwritten notes]. Unpublished manuscript notes.

• Shaikh, A. (2018, January 4). Bill Waller …

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Forecasting Changes In Religiosity And Existential Security With An Agent-Based Model, Ross J. Gore, Carlos Lemos, F. Leron Shults, Wesley J. Wildman

VMASC Publications

We employ existing data sets and agent-based modeling to forecast changes in religiosity and existential security among a collective of individuals over time. Existential security reflects the extent of economic, socioeconomic and human development provided by society. Our model includes agents in social networks interacting with one another based on the education level of the agents, the religious practices of the agents, and each agent's existential security within their natural and social environments. The data used to inform the values and relationships among these variables is based on rigorous statistical analysis of the International Social Survey Programme Religion Module (ISSP) …